Tudor Financial Inc. Acquires New Stake in Netflix, Inc. (NASDAQ:NFLX)

Tudor Financial Inc. acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 275 shares of the Internet television network’s stock, valued at approximately $245,000.

Several other institutional investors and hedge funds have also recently modified their holdings of NFLX. Koshinski Asset Management Inc. increased its holdings in Netflix by 16.3% during the 4th quarter. Koshinski Asset Management Inc. now owns 2,124 shares of the Internet television network’s stock worth $1,893,000 after purchasing an additional 298 shares during the period. Sky Investment Group LLC purchased a new stake in Netflix during the 4th quarter worth about $240,000. Amplius Wealth Advisors LLC increased its holdings in Netflix by 5.1% during the 4th quarter. Amplius Wealth Advisors LLC now owns 353 shares of the Internet television network’s stock worth $315,000 after purchasing an additional 17 shares during the period. Harbor Investment Advisory LLC increased its holdings in Netflix by 3.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 19,270 shares of the Internet television network’s stock worth $17,176,000 after purchasing an additional 704 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. increased its holdings in Netflix by 1.2% during the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 1,572 shares of the Internet television network’s stock worth $1,401,000 after purchasing an additional 18 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In other news, CEO Theodore A. Sarandos sold 1,278 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total value of $980,289.90. Following the completion of the transaction, the chief executive officer now directly owns 2,556 shares of the company’s stock, valued at $1,960,579.80. The trade was a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard N. Barton sold 5,698 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $756.00, for a total value of $4,307,688.00. Following the completion of the transaction, the director now directly owns 246 shares of the company’s stock, valued at approximately $185,976. This trade represents a 95.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 152,198 shares of company stock valued at $127,616,898. 1.76% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several recent research reports. Benchmark upped their price target on Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a report on Friday, January 3rd. Wells Fargo & Company upped their price target on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft upped their price objective on Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Sanford C. Bernstein upped their price objective on Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Finally, TD Cowen upped their price objective on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $845.06.

Netflix Stock Performance

Shares of NFLX stock opened at $858.10 on Tuesday. The company has a market cap of $366.80 billion, a price-to-earnings ratio of 48.56, a price-to-earnings-growth ratio of 1.40 and a beta of 1.27. The stock has a 50 day simple moving average of $884.58 and a 200-day simple moving average of $759.58. Netflix, Inc. has a 12-month low of $476.06 and a 12-month high of $941.75. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.